UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | April 21, 2008 |
Ferro Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Ohio | 1-584 | 34-0217820 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
1000 Lakeside Avenue, Cleveland, Ohio | 44114 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 216-641-8580 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On April 21, 2008, Ferro Corporation (the Company) issued a press release announcing updated estimates for sales and earnings per share for the first three months of 2008. The Company now expects sales for the quarter of approximately $600 million compared with a previously announced estimate of $550 million to $575 million. Furthermore, the Company now expects earnings to be in the range of 16 to 18 cents per share, including 10 cents in special charges.
The increased sales are due to better than expected sales volume, product pricing actions and favorable changes in foreign exchange rates. The improved earnings outlook is primarily the result of better than forecasted results from the Company's Inorganic Specialties Group and lower than anticipated selling, general and administrative expenses.
The Company will provide details of its first-quarter 2008 financial results in a press release and conference call on Wednesday, May 7, 2008. Detailed instructions for accessing the conference call will be announced shortly.
A copy of the press release is attached, hereto, as Exhibit 99.1
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1: Press release
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Ferro Corporation | ||||
April 21, 2008 | By: |
Sallie B. Bailey
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Name: Sallie B. Bailey | ||||
Title: Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press release |